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Apple reported late July its financial results for its fiscal 2020 third quarter with quarterly revenue of 59.7 billion U.S. dollars, an increase of 11 percent from the year-ago quarter while the net sales in the Great China region increased to 9.329 billion dollars. Its Wearables, Home, and Accessories unit brought in 6.450 billion dollars, a 16.7-percent growth.
Around two in five international students enrolled in American high schools came from China and the total number of students from China rose by 48 percent between 2013 and 2016, according to the report compiled by the Institute of International Education (IIE), a nonprofit organization.
Around the same time, Beijing police detained teachers over alleged child abuse at a kindergarten operated by Golden Cradle Education. The company has more than 700 kindergartens and schools nationwide.
Apple closed its stores in China and didn't reopen them until March. As the coronavirus spread, Apple closed stores around the world. As a result, Apple faced three problems in the quarter: supply constraints, sales outlets closure and a sharp reduction in demand as shelter-in-place orders took effect in its markets.
As Chinese Foreign Minister Wang Yi said on Friday, if the US wants to create new troubles in Sino-US relations, ultimately its actions will backfire. He urged Washington to fully recognize the gravity of the Taiwan question and "honor its promise of adhering to the one-China principle".